Japan faces economic setback as exports weaken
GDP slips in the third quarter Japan’s economy shrank at an annualized pace of 2.3 percent between July and September, reflecting a 0.6 percent decline from the previous quarter. Revised figures from
China sets record with trillion dollar trade surplus
Export momentum shifts away from the United States China has pushed its annual trade surplus over the one trillion dollar mark for the first time, driven by strong exports to Europe, Australia
Australia’s GDP delivers fastest growth in nearly two years
Strong domestic demand lifts expansion despite slight forecast miss Australia’s economy grew 2.1 percent year over year in the third quarter, data from the Australian Bureau of Statistics showed Wednesday. Although slightly
IMF warns of fragile global resilience amid uncertainty
“Buckle up” moment for the world economy The global economy has shown unexpected strength in the face of significant disruptions like President Donald Trump’s sweeping tariffs. However, International Monetary Fund (IMF) Managing
More NZ Banks Cut Mortgage Rates Ahead of OCR Decision
BNZ and Kiwibank lead with rate reductions Several New Zealand banks are reducing fixed mortgage rates ahead of the Reserve Bank’s official cash rate (OCR) announcement this week. On Tuesday, BNZ lowered
Europe Resists Trump Tariff Impact With Growth Measures
Lagarde says eurozone avoided major shock thanks to smart strategy The eurozone economy is showing unexpected resilience amid U.S. President Donald Trump’s latest wave of tariffs. European Central Bank President Christine Lagarde
Goldman Sachs CEO Predicts Growth Despite Market Risks
Stimulus and AI Spending to Fuel U.S. Economy Goldman Sachs CEO David Solomon anticipates that the U.S. economy will accelerate into 2026, powered by sustained government stimulus and massive investments in artificial
US GDP Revised Up, Signals Continued Economic Strength
Second-quarter growth jumps to 3.8% on strong consumer spending The United States economy grew more than previously reported in the second quarter, as the Commerce Department’s final estimate showed GDP expanding at
Germany’s 2025 Growth Outlook Raised to 0.2%
Economic institutes adjust forecast amid trade headwinds Germany’s leading economic institutes have slightly upgraded their 2025 growth forecast, now projecting 0.2% expansion for Europe’s largest economy, according to sources familiar with the
Bank of Japan Holds Rates Amid Inflation Decline
Core inflation cools but pressures for hike persist The Bank of Japan (BOJ) kept its benchmark policy rate steady at 0.5% on Friday, in line with expectations from economists polled by Reuters.
UK Economy Stalls in July, Pressuring Autumn Budget
Growth flatlines amid sectoral weakness The UK economy showed no growth in July, marking a sharp slowdown from the 0.4% expansion recorded in June, according to the Office for National Statistics (ONS).
Euro Zone Inflation Rises Slightly to 2.1% in August
Headline inflation ticks up, but ECB expected to hold Euro zone inflation edged up to 2.1% in August, according to Eurostat’s flash estimate released Tuesday. The figure came in just above economist
“Job Hugging” Gains Ground in Uncertain Labor Market
Shift from “Great Resignation” to job security A new workplace trend is taking shape in the United States. As economic uncertainties loom, many American workers are turning away from the once-popular “job